$BNB has held a 680-723 range since the Binance hack. Both edges have been tested more than once 📉
$BNB is still about 8% below its Oct 28 close of 759.85, but price has been orderly since Oct 29. Data as of 3:40 a.m. PKT, Nov 8, Binance BNB/USDT spot: 696.40.
The daily chart shows a clear range:
Floor: four daily lows between 680.00 and 683.94 (Oct 29, Oct 30, Nov 4, Nov 5).
Ceiling: highs of 722.08, 723.42 and 722.00 (Oct 30, Nov 4, Nov 5).
Binance says it has replenished about 98% of affected assets as of Nov 4, and it is aiming to reopen withdrawals for six more tokens around Nov 13. That is useful context, not a price signal. The chart is the signal.
My view: neutral inside 680-723. A daily close above 723 would be the first step back toward the pre-hack 759.85. A daily close below 680 means the floor failed, and I'd treat that as bearish.
Which edge breaks first? 👇
$BNB is still about 8% below its Oct 28 close of 759.85, but price has been orderly since Oct 29. Data as of 3:40 a.m. PKT, Nov 8, Binance BNB/USDT spot: 696.40.
The daily chart shows a clear range:
Floor: four daily lows between 680.00 and 683.94 (Oct 29, Oct 30, Nov 4, Nov 5).
Ceiling: highs of 722.08, 723.42 and 722.00 (Oct 30, Nov 4, Nov 5).
Binance says it has replenished about 98% of affected assets as of Nov 4, and it is aiming to reopen withdrawals for six more tokens around Nov 13. That is useful context, not a price signal. The chart is the signal.
My view: neutral inside 680-723. A daily close above 723 would be the first step back toward the pre-hack 759.85. A daily close below 680 means the floor failed, and I'd treat that as bearish.
Which edge breaks first? 👇